Minister vows to stay in euro, cut debt level

Giulio Napolitano | Bloomberg | Getty Images

Giovanni Tria, Italy’s finance minister, attends a swearing in ceremony at the Quirinale Palace in Rome, Italy, on Friday, June 1, 2018.

Italy’s government has no intention of leaving the euro as well as also plans to focus on cutting debt levels, looking to boost growth through investment as well as also structural reforms rather than deficit spending, the brand-new economy minister said.

In his first interview since taking office a week ago, Giovanni Tria told Corriere della Sera newspaper in which he aimed to meet existing debt targets for 2018 as well as also 2019, adding in which Italy’s debt commitments were fully sustainable.

“Our goal will be (to lift) growth as well as also employment. however we do not plan on reviving growth through deficit spending,” Tria said, adding in which he would certainly present brand-new economic forecasts as well as also government goals in September.

“These will be fully coherent with the objective of continuing on the path of lowering the debt/GDP ratio,” he said.